SPX Corp. Q2 Profit Decreases - Quick Facts

(RTTNews) - SPX Corp. (SPW) reported that its second-quarter net income attributable to shareholders decreased to $38.8 million or $0.84 per share, from $47.4 million or $0.93 per share, last year. Income per share from continuing operations attributable to shareholders was $0.80, compared to $0.73 prior year.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items. Revenues were $1.22 billion, compared to $1.24 billion last year. Analysts expected revenue of $1.25 billion for the quarter.

The company expects its full year 2013 revenues to be down 2% to up 2%. Earnings per share from continuing operations are expected to be $4.25 to $4.50. The company's previous earnings per share estimate was $4.25 to $4.65. Analysts expect the company to report full year profit per share of $4.30 on revenue of $5.10 billion.